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What are my contracted insurance requirements?

For Leased BMWs: Bodily injury liability: at least $100,000 per person, and $300,000 per occurrence. Property damage liability: at least $50,000. Comprehensive and collision coverage: for the vehicle's actual value. The maximum deductible allowed is $1,000. BMW Financial Services NA, LLC must be listed as "Additional Insured" and "Loss Payee" on all insurances policies for the vehicle. For Financed BMWs: You are required to have comprehensive and collision coverage for your BMW's actual value. The maximum deductible allowed is $1000 for BMW automobiles. BMW Financial Services NA, LLC must be listed as "Loss Payee."
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